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Interpret this new model (and compare it to the model in #7) new model: Models Summary Dependent variable: Lwage educ 0. 108+ + (0.014) age

  1. Interpret this new model (and compare it to the model in #7)

new model:

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Models Summary Dependent variable: Lwage educ 0. 108+ + (0.014) age 0. 0903 (0.005) exper 0.042+ (0.013) expersq -0 .001*+ (0. 0004) Constant -0.533+ (0.278) Observations 428 RZ 0.157 Adjusted RZ 0.149 Residual Std. Error 0.667 (df = 423) F Statistic 19.669*#* (df = 4; 423) Note : *p

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